Dallas Area Residential Sales Report for April – Plano TX

Buyers just keep on buying in Plano. April sales were up 6%. The average sales price rose 6% and the median sales p[rice increases 3%. Pending sales showed a healthy 9% gain. Looks like May will be another positive month. The number of new listings climbed 7% and there was a 20% jump in the active listings. As in other areas, the increase in the percentage increase in the active listings is a little misleading and is caused by a very low number of homes on the market last April. The months of inventory now is at 2.1 months. 6 months is considered a balanced market.